Backtesting 2012 - Sep 24, 2012 Entry

Account: Blog backtesting 2012

Entered this trade 53 DTE b/c my last trade ended on the 56 DTE, therefore I decided to put this trade on the very next business day i.e. Monday.

On Sep 24, 2012 the market was slightly down and Average IV was 16.1% at the time of entry around 10:30am.

Trade entry:

Adjustments:

• Sep 25 - Sold 3 x 820 protect t+0 downside risk
• Sep 26 - Sold 5 x 810 to hedge t+0 downside risk
• Sep 27 - Sold 3 x 840 and 2 x 850 to hedge t+0 line both directions (Why is my t+0 line giving my issues on both sides?)
• Due to my position being down a significant $ amount I increased my ABS Max Loss to  4k and my 20 pt thresholds between $1500 - 1800
• Oct 12 - Exited a Max Profit + $2597

Backtesting 2012 - Aug 27, 2012 Entry

Account: Blog backtesting 2012

Entered this trade 53 DTE b/c my last trade ended on the 56 DTE, therefore I decided to put this trade on the very next business day i.e. Monday.

On Aug 27, 2012 the market was slightly up and Average IV was 19.1% at the time of entry around 10:30am.

Trade entry:

Adjustments:

• Sep 7 - Sold 5 x 800 PV to reduce DELTA and VEGA outside the tent
• Sep 13 - Rolled BF up
• Sep 14 - Sold 8 x 850 to reduce DELTA inside edge of tent & protect t+0 upside risk
• Sep 17 - Sold 2 x 830 to protect t+0 downside risk
• Sep 21 - Exited a Max Profit + $2878

Backtesting 2012 - Jul 27, 2012 Entry

Account: Blog backtesting 2012

On July 27, 2012 the market was down and Average IV was 20.8% at the time of entry around 10:30am.

Trade entry:

Adjustments:

• Aug 8 - Sold 5 x 760 PV to reduce DELTA outside tent
• Aug 10 - Sold 5 x 770 PV to reduce DELTA outside tent
• Aug 16 - Sold 3 x 770 PV to reduce VEGA outside tent
• Aug 17 - Rolled the BF up (b/c 17 pts above UW)

• Aug 24 - Exited a Max Profit + $2863

Backtesting 2012 - May 25, 2012 Entry

Account: Blog backtesting 2012

On May 25, 2012 the market was down and Average IV was 25.5% at the time of entry around 10:30am.

Trade entry:

Adjustments:

• Jun 1 - Sold 6 x 730 PV to protect t+0 downside
• Jun 7 - Sold 3 x 750 PV to protect t+0 upside
• Jun 18 - Sold 3 x 750 to reduce DELTA inside tent
• Jun 19 - Sold 4 x 750 to reduce DELTA outside tent
• Jun 25 - Exited a Max Profit + $2649

Backtesting 2012 - Apr 20, 2012 Entry

Account: Blog backtesting 2012

On April 20, 2012 the market was consolidating and Average IV was 21.5% at the time of entry around 10:30am.

Trade entry:

Adjustments:

• May 8 - Exited a Max Profit + $2530

Backtesting 2012 - Feb 24, 2012 Entry

Account: Blog backtesting 2012

On February 24, 2012 the market was consolidating and Average IV was 21.2% at the time of entry around 10:30am.

Trade entry:

Adjustments:

• Mar 6 - Sold 10 x 790 PV
• Mar 9 - Sold 5 x 810 PV
• Mar 13 - Sold 5 x 820 PV
• Mar 19 - Sold 2 x 810 & 2 x 830 PV
• Mar 26 - Sold 4 x 830 PV
• Apr 3 - Exited a Max Profit + $2861
• I noticed that my position is usually down money for the first 20 - 30 DTE out of 56 DTE, is this a coincidence?

Backtesting 2012 - Jan 20, 2012 Entry

Account: Blog backtesting 2012

On January 20, 2012 the market was up and Average IV was 23.4% at the time of entry around 10:30am.

Trade entry:

Adjustments:

• Feb 2 - Sold 8 x 760 PV
• Feb 3 - Roll the BF up 50 pts
• Feb 17 - Sold 10 x 810 PV
• Feb 22 - Exited a Max Profit + $3305